Optimization of Business Decision Accuracy through the Application of Mathematical Economics

Authors

  • M Arya Ardanta Bina Nusantara University, Bekasi, Indonesia
  • Achmad Fauzi Bina Nusantara University, Bekasi, Indonesia
  • Pitri Patimah Bina Nusantara University, Bekasi, Indonesia
  • Fayza Khadijah Bina Nusantara University, Bekasi, Indonesia
  • Yeremia Todo Sihombing Bina Nusantara University, Bekasi, Indonesia
  • Fadia Salma Hasan Bina Nusantara University, Bekasi, Indonesia
  • Dinda Rahmawati Bina Nusantara University, Bekasi, Indonesia

DOI:

https://doi.org/10.38035/ijam.v2i4.447

Keywords:

Decision-making, Business Application, Price, Market, Business Mathematical systematic

Abstract

In the dynamic landscape of contemporary business environments, the need for precise decision-making has become paramount for organizational succes. It explores the strategic integration of mathematical economics as a powerful tool for enchancing decision accuracy in business. Mathematical economics, a discipline that combines economic theories with mathematical methodologies, offers a structured framework to model, and analyze a complex business strategy decision. This study delves into a theorical foundations of mathematical economics and investigates it practical applications in real-world business decision-making processes. Through the utilization of mathematical model, optimization techniques, and statistical analyses, businesses can gain insights into market dynamics, resource allocation, and risk assessment. The objective is to establish a systematic approach that aids decision-makers in formulating well-informed strategies, minimizing uncertaintes, and maximizing overall business performance.

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Published

2024-01-17

How to Cite

Ardanta, M. A., Fauzi, A., Pitri Patimah, Fayza Khadijah, Yeremia Todo Sihombing, Fadia Salma Hasan, & Rahmawati, D. (2024). Optimization of Business Decision Accuracy through the Application of Mathematical Economics. International Journal of Advanced Multidisciplinary, 2(4), 866–885. https://doi.org/10.38035/ijam.v2i4.447

Issue

Vol. 2 No. 4 (2024): International Journal of Advanced Multidisciplinary (January-March 2024)

Section

Articles

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Copyright (c) 2024 M Arya Ardanta, Achmad Fauzi, Pitri Patimah, Fayza Khadijah, Yeremia Todo Sihombing, Fadia Salma Hasan, Dinda Rahmawati

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